- PricewaterhouseCoopers has been chosen to administer the bankruptcy of Brazilian telecom Oi (OIBR).
- A judge chose the firm over Alvarez & Marsal and Deloitte & Touche, entrants hoping to be the in-court administrator for the country's largest ever bankruptcy ($20B in liabilities to be reorganized).
- PricewaterhouseCoopers hasn't advised on any of Brazil's biggest bankruptcy cases so far.
- Meanwhile, Oi's shareholders today reiterated their support for an in-court reorganization.
- Previously: Firms lobby for role administering Oi bankruptcy (Jul. 08 2016)